EUR/GBP looks to consolidate around 0.8520 ahead of PMIs from Eurozone and UK
EUR/GBP looks to consolidate around 0.8520 ahead of PMIs from Eurozone and UK EUR/GBP finds itself in a crucial juncture, with all eyes on its consolidation around the 0.8520 mark, a pivotal level that could set the tone for its immediate trajectory. As the Asian session unfolded on a Wednesday that carried high stakes, the currency pair grappled with the task of recouping losses incurred during the prior trading day, tentatively floating near the 0.8520 […]
The Difference Between Spread & CFD Trading
The Difference Between Spread & CFD Trading Forex trading presents traders with two main methods: spread trading and contract for difference (CFD) trading. When it comes to selecting the CFD Trading Platform for your trading journey, it is essential to understand these approaches in detail. In this article, we will delve into the intricacies of spread trading and CFD trading, valuable insights to assist you in making informed decisions that align with your trading style […]
USD Index Nears 103.00 Despite Robust Yields, Eyes on US Data, Central Bankers
USD Index Nears 103.00 Despite Robust Yields, Eyes on US Data, Central Bankers Despite robust US Treasury bond yields, the US Dollar Index (DXY) continues to hover around the 103.30 mark in Tuesday’s Asian session, hitting an intraday low. The DXY’s lackluster performance is attributed to the mixed market sentiment and the focus on upcoming data releases and central bank events. One of the factors impacting the DXY is China’s economic indicators, which have deteriorated […]
EUR/USD Bullish Above 1.0900 Amid Slight USD Weakness
EUR/USD Bullish Above 1.0900 Amid Slight USD Weakness The EUR/USD pair continues to gain strength, surpassing the 1.0900 mark in the Asian session for the second consecutive day. This upward momentum comes after the pair rebounded from its recent low of 1.0845, indicating a positive trend. One of the factors supporting this optimistic outlook is the statement from Philip Lane, the Chief Economist of the European Central Bank (ECB). Lane predicts steady growth for the […]
China’s yuan finds footing near 9-month lows as Beijing slows slide
China’s yuan finds footing near 9-month lows as Beijing slows slide Despite concerns about the economy and rising US yields, China’s yuan has found some footing near 9-month lows as Beijing takes steps to slow its slide. State-owned banks have conducted swaps in offshore markets to increase the cost of shorting the yuan, aiming to stabilize the currency. Moreover, the People’s Bank of China has set a stronger than expected daily yuan fixing, deviating from […]
Asia Stocks Slide on US Rate Hike, China Economic Concerns
Asia Stocks Slide on US Rate Hike, China Economic Concerns The Asian stock markets are grappling with substantial declines driven by a combination of factors, including heightened concerns over a US interest rate hike and the precarious state of China’s economic prospects. The confluence of these factors has set the stage for a notable selling spree across the region’s stock exchanges. A significant catalyst in this downward trajectory is the perception of an impending interest […]
Softening Core Inflation in Japan Supports Expectation of Unchanged BOJ Stance
Softening Core Inflation in Japan Supports Expectation of Unchanged BOJ Stance The latest consumer price data from Japan shows that core inflation slowed in July, indicating the Bank of Japan (BOJ) is unlikely to rush towards phasing out monetary easing despite the fact that inflation continues to be above the central bank’s 2% target. The core consumer price index – which consists of oil products but excludes volatile fresh food prices – rose by 3.1% […]
USD/CHF Struggles Below 0.8800 Amid Slow Markets
USD/CHF Struggles Below 0.8800 Amid Slow Markets The USD/CHF pair is currently encountering challenges as it strives to surpass the 0.8800 level, a scenario highlighted by the most recent news and market analysis. The lack of dynamic movement in this pairing can be attributed to a confluence of factors that are significantly influencing the overall sentiment within the market. One of the pivotal factors contributing to traders’ apprehension is the impending release of mid-tier Swiss […]
Choosing a Broker to Trade the Financial Markets
Choosing a Broker to Trade the Financial Markets Are you intrigued by the world of financial trading? Embarking on this exhilarating journey requires a critical decision: selecting the right broker. Your chosen broker functions as a bridge between you and the complex financial markets, granting access to indispensable tools and platforms for your trading endeavors. However, with a plethora of options at your disposal, the task of making the optimal choice can be daunting. Fear […]
WTI Holds Near $78.60 Amid US Inflation and China Economic Worries
WTI Holds Near $78.60 Amid US Inflation and China Economic Worries Today, the price of Western Texas Intermediate (WTI), the key US crude oil benchmark, is holding steady around the $78.60 level. This marks the fourth consecutive day of negative trading as two main factors weighing on the market. First, there are growing concerns about the potential tightening of monetary policy by the Federal Reserve. The US Energy Information Administration (EIA) reported a significant drop […]
S&P500 Futures Hit 5-Week Low, Yields Reach Yearly High on Hawkish Fed Minutes and Global Woes
S&P500 Futures Hit 5-Week Low, Yields Reach Yearly High on Hawkish Fed Minutes and Global Woes The risk appetite in the market remains downbeat as investors express concerns over a hawkish Federal Reserve stance amidst global economic woes. Additionally, challenges to market sentiment arise from geopolitical and economic troubles emanating from China, along with recently mixed data from the United States. Reflecting this mood, S&P500 Futures have dropped to their lowest level in five weeks, […]
Stocks Dip on Fed Minutes Hinting at Potential Rate Hikes
Stocks Dip on Fed Minutes Hinting at Potential Rate Hikes On Wednesday, the stock market witnessed a noticeable decline in response to the Federal Reserve’s indication of potential rate hikes, prompting a reevaluation of investment strategies among traders and investors. The Dow Jones Industrial Average (^DJI) recorded a decrease of approximately 0.5%, equivalent to a drop of around 180 points. Similarly, the S&P 500 (^GSPC) experienced a decline of nearly 0.8%, while the Nasdaq Composite […]
What Are The advantages of MetaTrader 4?
What Are The advantages of MetaTrader 4? MetaTrader 4 (MT4) is a very popular tool for people who trade money in foreign countries (forex traders). It’s liked because it has a lot of good things about it. In this blog, we will talk about why the trading platform MT4 is liked and used by many traders in the money markets. Getting Real-Time Info about Prices and How Much You Can Buy One big reason people […]
Asian stock market remains under pressure due to China’s economic woes
Asian stock market remains under pressure due to China’s economic woes The Asian stock markets are grappling with sustained pressure as China’s economic challenges continue to cast a shadow over the region’s financial landscape. The markets are currently experiencing a cautious atmosphere, largely influenced by a combination of disheartening Chinese economic data and robust US retail sales figures. China’s stock indices have undergone a relentless decline spanning four consecutive days. This disheartening trend was underscored […]
China’s Economic Prospects Shadowed by First New Home Price Drop of 2023
China’s Economic Prospects Shadowed by First New Home Price Drop of 2023 In July, China experienced a notable event as new home prices declined for the first time this year. This occurrence adds to a series of discouraging data that collectively indicate a swift wane in overall economic momentum. It underscores the pressing need for more robust policy interventions to stimulate activity and counter these downward trends. According to calculations by Reuters, the month-on-month drop […]
After UK CPI data release, GBP/JPY surged past 185.00
After UK CPI data release, GBP/JPY surged past 185.00 After the release of UK Consumer Price Index (CPI) data, the GBP/JPY currency pair experienced a surge, surpassing the 185.00 mark. This positive momentum in the cross is due to the encouraging inflation figures from the UK. However, market participants are also closely monitoring the possibility of foreign exchange (FX) intervention by the Bank of Japan. According to the latest data from the UK’s National Statistics, […]
Tips for Managing Risk in Forex Trading with CFDs
Tips for Managing Risk in Forex Trading with CFDs Forex trading with Contracts for Difference (CFDs) can be a lucrative endeavor, but it also carries inherent risks. Thus, effective risk management is crucial to protect your capital and minimize potential losses. In this article, we will delve into valuable tips for managing risk in forex trading with CFDs. We will also focus on utilizing the XtreamForex CFD trading platform. Expand Your Knowledge and Skills Before […]
WTI Holds Firm Above $82: China’s Issues and US Retail Sales in Focus
WTI Holds Firm Above $82: China’s Issues and US Retail Sales in Focus The Western Texas Intermediate (WTI) crude oil price has maintained its position above the $82 mark on the trading landscape, with two major factors shaping its trajectory: concerns over China’s economic challenges and anticipation of US retail sales data. Amid the economic turmoil caused by the Chinese real estate sector, investors are closely monitoring how these developments might affect global markets. Specifically, […]